ARA1984-031RESOLUTION NO. ARA84 -31'
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY APPROVING A CERTAIN AGREEMENT FOR THE
PAYMENT OF FINANCIAL BURDEN OR DETRIMENT TO THE
COUNTY OF ORANGE FLOOD CONTROL DISTRICT FROM
THE TAX INCREMENT FROM THE RIVER VALLEY
REDEVELOPMENT PROJECT; AND MAKING CERTAIN
FINDINGS WITH RESPECT THERETO
WHEREAS, the Anaheim Redevelopment Agency ( "Agency "),
pursuant to the provisions of the Community Redevelopment Law
(California Health and Safety Code Section 33000 et. seq.) prepared
and approved a redevelopment plan for a redevelopment project area
known as the River Valley Redevelopment Project ( "Project "), which
redevelopment plan was adopted by the City Council of the City of
Anaheim on November 29, 1983; and
WHEREAS, the City Council of the City on November 29,1983
adopted Ordinance No. 4463 to adopt the redevelopment plan to
provide for the allocation and payment of all property taxes
received from increases in the assessed value of real property
within the Project area to the Agency subsequent to the adoption of
the redevelopment plan for the purpose of paying any and all debts
and obligations incurred by the Agency to finance the redevelopment
within the Project area; and
WHEREAS, the Agency has obtained and considered certain
information showing that the allocation of tax increment to the
Agency by virtue of the implementation of the redevelopment plan
will cause a financial burden or detriment to the County of Orange
Flood Control District ( "District "), whose obligation to maintain
certain flood control facilities within the Project area will
increase as a consequence of the more intensely developed Project
area and the allocation of all additional property taxes attributed
to the increase in the assessed value of the real property within
the Project area to the Agency, thereby depriving the District of
its normal share of the additional revenues needed to adequately
maintain flood control facilities within the District; and
WHEREAS, by reason of the aforesaid, Agency and District
now desire to enter into an agreement providing for the payment by
the Agency to the District of a portion of the property tax
revenues received by the Agency from the River Valley Redevelopment
Project area which would be appropriate and necessary to alleviate
the financial burden and detriment caused to the District by reason
of said redevelopment project, all as authorized by Section 33401
of the California Health and Safety Code.
-1-
NOW, THEREFORE, BE IT RESOLVED by the Anaheim
Redevelopment Agency as follows:
1. The Agency hereby finds and determines that, on the basis
of the facts and for the reasons set forth in Exhibit "1"
(attached hereto and incorporated herein by this
reference), the River Valley Redevelopment Project will
cause or has caused a financial burden or detriment to the
District and that the payments set forth in the Agreement
referred to in Paragraph 2 of this Resolution are
necessary to alleviate the financial burden or detriment.
2. The Agreement (River Valley Redevelopment Project)
( "Agreement ") with the County of Orange Flood Control
District is hereby approved.
3. The Chairman and Secretary of the Agency are hereby
authorized and directed to execute said Agreement on
behalf of the Agency.
THE FOREGOING RESOLUTION is approved and adopted this 20th
day of November 1984.
CHAIRMAN
ANAHEIM REDEVELOPMENT AGENCY
ATTEST:
SECRETARY
ANAHEIM REDEVELOPMENT AGENCY
MES:KH
1713U
-2-
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF ANAHEIM )
I, LEONORA N. SOHL, Secretary of the Anaheim Redevelopment Agency, do hereby
certify that the foregoing Resolution No. ARA84 -3I was passed and adopted at a
regular meeting of the Anaheim Redevelopment Agency held on the 20th day of
November, 1984, by the following vote of the members thereof:
AYES: AGENCY MEMBERS: Kaywood, Bay, Overholt and Roth
NOES: AGENCY MEMBERS: None
ABSENT: AGENCY MEMBERS: Pickler
AND I FURTHER CERTIFY that the Chairman of the Anaheim Redevelopment Agency
signed said Resolution on the 20th day of November, 1984.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 20th day of
November, 1984.
SECRETARY OF THE ANAHEIM REDEVELOPMENT AGE
(SEAL)
FA
EXHIBIT "1"
The Anaheim Redevelopment Agency ( "Agency ") hereby finds
and determines that the approximately 1.2 million square feet of
mixed use development within the River Valley Redevelopment Project
will cause the Orange county Flood Control District ( "District ")
additional improvement and maintenance costs it might otherwise not
incur. A review and summary of the County of Orange's "Fiscal
Impact Review for Anaheim Redevelopment Proposal" suggests that the
financial burden or detriment to the District may result in net
cumulative deficits in the amount of Three Hundred Thousand Dollars
($300,000.00) over a period of thirty -five (35) years as the
Project's anticipated creation of some three thousand (3,000)
permanent jobs will encourage many persons and families to locate
or relocate within the District and further contribute to its
present fiscal pressures.
It is further determined that the improvement and
maintenance of the flood control facilities are absolutely
essential in meeting the long term objectives of both the District
and the Project.
With the development of the Project area and the
increasing population within the District, the need to tap all
available revenue sources becomes crucial. As such, the allocation
of tax increment to the District is necessary for the District to
sufficiently meet its long term financing needs.
-3-